An antique Pioneer VSX-45TX receiver with an older-but-not-quite-antique Vizio LCD TV used as a dumb HDMI monitor. Looks good, sounds good, but doesn't work with the newest AppleTV since there's no way to get audio back out of the monitor, as there is with many newer sets.
Right now I'm using the previous-generation AppleTV with a S/P-DIF output to drive the VSX-45TX, but Netflix has announced that they don't want to support that AppleTV model anymore, as of the end of July.
Sounds like the HDMI matrix box as mentioned by jmb99 is a likely win. There are a few models that break out the audio to S/P-DIF. Maybe by spending $99 instead of $19 I'll have better luck than I did with the simple audio extractor boxes I tried a couple of years ago.